Mathematics, 13.09.2021 06:50 jazionaemontgomery
Jacob borrowed $30,000 to start up his consulting business. The loan had simple interest rate of 6.2% for
3 years. Use the formula
I prt 
to find the amount of interest he will pay with the loan. I = interest; p
= principal; r = rate (expressed as a decimal 0.062);
t = time in years.
Answers: 3
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Jacob borrowed $30,000 to start up his consulting business. The loan had simple interest rate of 6.2...
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